Oct 244 min read

OneShot: A quick view on Renewable energy NEWS.

India’s Solar Imports Could Surge :

India’s ambition to meet its 2030 renewable energy targets could result in a significant surge in solar equipment imports, potentially reaching $30 billion per year, according to a report by the Global Trade Research Initiative (GTRI).

NTPC REL Invites Bids for Land and Power Evacuation Package for 600 MW Solar Project in Dhule :

NTPC Renewable Energy Ltd. invites bids for the Land and Power Evacuation Package to develop 600 MW ISTS-connected Solar PV projects in Dhule, Maharashtra, under a domestic competitive bidding process.

UPEIDA and GEAPP Join Forces for Solar Park Along Bundelkhand Expressway :

Global Energy Alliance for People and Planet (GEAPP) is collaborating with Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) on developing a solar park with a potential capacity of 450-500 MW along the Bundelkhand Expressway.

GEAPP collaborates with UP e-way authority for 450-500 MW solar park project :

Global Energy Alliance for People and Planet (GEAPP) on Tuesday said it has collaborated with the Uttar Pradesh Expressways Industrial Development Authority to develop a 450-500 MW solar park worth Rs 1,800 crore along the Bundelkhand Expressway. This ambitious project, the first of its kind in India, will establish a green energy corridor across the 296-km expressway, transforming the region into a model for scalable solar-powered infrastructure, a statement said.

Clean Energy Projects Dominate In Nine BRICS Countries :

BRICS is set to hold its latest summit in Russia, marking the 16th annual summit for the association. The summit will take place from the 22nd to the 24th of October this year to discuss the burgeoning economic and global challenges faced by the countries.

Meeting 2030 renewable energy target may push India's solar equipment imports to $30 billion per year :

India’s target of installing 500 GW of renewable energy by 2030 may push solar equipment import bill to about $30 billion per year and increase dependence on Chinese goods, think tank GTRI said in a report on Sunday.

MAHAPREIT Invites Bids for 30 MW Rooftop Solar Projects in Goa :

The last date for the submission of bids is November 4, 2024.Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) has invited bids for 30 MW of distributed grid-connected rooftop solar projects on government buildings of Goa.

Gensol Incorporates Three Subsidiaries for Renewable Energy Expansion :

Gensol acquired 100% stakes in each of the three companies.Gensol Engineering, a solar energy consultancy and EPC solutions provider, has acquired 100% of the equity in three newly incorporated companies to expand its renewable energy business.

Solar Corporate Funding Fell 23% in 9M 2024 :

India adds 3.6 GW of solar open-access capacity in 1H 2024. Total corporate funding, including venture capital, public market activity, and debt financing for the solar sector, reached $22.3 billion in the first nine months (9M) of 2024, a 23%.decrease from the $28.9 billion raised during the same period in 2023.

Waaree Energies IPO sees 3.3x subscription on day 1, demand from non-institutional investors high :

Waaree Energies Ltd, India’s largest solar photovoltaic (PV) module manufacturer, launched its Rs 4,321 crore initial public offering (IPO) Monday, which was subscribed 3.3 times on the first day itself. The Mumbai-based company says proceeds from the IPO, which has so far drawn bids for 6.9 crore equity shares against 2.1 crore on offer, will support the company’s plans to reduce reliance on Chinese imports and enhance price competitiveness.

Tata Power bags tender to evacuate power for green hydrogen projects :

REC Power Development and Consultancy (RECPDCL) has delivered ERES-XXXIX Power Transmission to Tata Power to develop transmission works to evacuate power for green hydrogen projects in Odisha. The project will provide transmission services for 35 years, and has a scheduled commercial operation date of December 31, 2027.

Hindustan Zinc to procure 530 MW renewable energy from Serentica :

Hindustan Zinc will procure 530 MW of round-the-clock (RTC) power from Serentica Renewables’ projects under a group captive arrangement. Hindustan Zinc will invest Rs 3.27 billion in Serentica and its affiliates, to acquire a 26 per cent stake. Serentica will develop captive projects across India to provide renewable energy to Hindustan Zinc over the next 25 years, with project commissioning occurring in phases from 2027.

GUVNL issues draft tender for 200 MW BESS in Gujarat :

The Gujarat Urja Vikas Nigam (GUVNL) has issued a tender to establish 200 MW/1600 MWh standalone battery energy storage systems (BESS) in Gujarat. The winner will be selected through tariff-based competitive bidding (Phase-V). The BESS will have a 200 MW / 1600 MWh (200 MW x 8) hours capacity.

JSW Energy signs PPAs with MSEDCL for 1,200 MW solar-wind hybrid projects :

JSW Renew Energy Six Limited and JSW Renew Energy Thirty Limited, stepdown subsidiaries of JSW Energy Limited, have signed two power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for state transmission utility (STU)-connected 1,200 MW solar-wind hybrid project.